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Back in 2020, the U.S. Securities and Exchange Commission (SEC) sued Ripple, alleging that the company broke securities laws when it sold its XRP (CRYPTO: XRP) cryptocurrency to investors. Ripple ...
The XRP price surge also comes as investors bet on the future of Ripple products. Fox Business reported that the company’s long-awaited stablecoin, RLUSD , is poised for regulatory approval in ...
As a result, new opportunities for expansion in the U.S. market are starting to open up, and XRP is headed into 2025 with new momentum and new optimism. The bad news, however, is that the market ...
The XRP Ledger operates on a consensus protocol that differs from traditional proof-of-work (PoW) and proof-of-stake (PoS) mechanisms. [ 8 ] [ 3 ] Transactions are validated by a network of independent validators who reach consensus every 3 to 5 seconds, enabling rapid transaction settlement. [ 8 ]
Since its founding in 2012, Ripple has been one of the most prominent crypto firms, with its XRP token long occupying one of the top positions in the list of cryptocurrencies by market cap.
The defendants agreed to turn over all data involving XRP transactions. [33] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
Investors surely haven’t been expecting Ripple’s (CCC:XRP-USD) court battle with the U.S. Securities and Exchange Commission (SEC) to go on this long. The lawsuit, initiated in December of ...
SEC v Ripple news updates appear to favor Ripple’s defense. Despite this, XRP continues its pullback from $0.91 levels struck in late March.